Examples of Restricted Stock Unit Amount in a sentence
If necessary, the Committee may reduce the Restricted Stock Unit Amount in order to comply with this Section 3.9.
If permitted by the Committee (and subject to any terms and conditions that may be imposed by the Committee), a Participant may elect to defer Restricted Stock Units under the Plan, which amount shall be for that Participant the Restricted Stock Unit Amount for that Plan Year.
However, if the Participant returns to employment, the Participant may elect to defer an Annual Deferral Amount and Restricted Stock Unit Amount for the Plan Year following his or her return to employment and for every Plan Year thereafter while a Participant in the Plan, provided such deferral elections are otherwise allowed and an Election Form is delivered to and accepted by the Committee for each such election in accordance with Section 3.2 above.
For each Plan Year in which a Restricted Stock Unit Amount is being first withheld from an Employee Participant, the Participant’s Employer(s) shall withhold from that portion of the Participant’s compensation not being deferred, in a manner determined by the Employer(s), the Participant’s share of FICA and other employment taxes on such Restricted Stock Unit Amount.
For each Plan Year, the Annual Restricted Stock Unit Amount shall be withheld at the time that the Restricted Stock Unit(s) is, are, or otherwise would be paid to the Participant, whether or not this occurs during the Plan Year itself.
If necessary, the Committee may reduce the Annual Restricted Stock Unit Amount or Annual Long-Term Achievement Plan Amount in order to comply with this Section 3.10.
Subject to the Deduction Limitation, the Short-Term Payout shall be a lump sum payment of the Annual Deferral Amount, Annual Restricted Stock Unit Amount, and/or Annual Long-Term Achievement Plan Amount plus amounts credited or debited in the manner provided in Section 3.9 above on those amounts, determined at the time that the Short-Term Payout becomes payable.
Should an event occur that triggers a benefit under Article 5, 6, 7 or 8, any Annual Deferral Amount, Annual Restricted Stock Unit Amount or Annual Long-Term Achievement Plan Amount, plus amounts credited or debited thereon, that is or are subject to a Short-Term Payout election under Section 4.1, such amount shall not be paid in accordance with Section 4.1 above but shall be paid in accordance with the other applicable Article.
The Shortfall Application Form does not need to be signed to be a binding acceptance of Shortfall Securities.
In connection with each election to defer an Annual Deferral Amount, a Participant may irrevocably elect to receive a future “Short-Term Payout” from the Plan with respect to any one or more of the Participant’s Annual Deferral Amount, Annual Restricted Stock Unit Amount, and Annual Long-Term Achievement Plan Amount which relates or relate to such Plan Year.